Is Margaretta Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Margaretta Township has remained a Seller's Market.
Key Takeaway
Margaretta Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Margaretta Township, OH
How much do homes in Margaretta Township, OH cost?
Median Sold Price
$191,500
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Margaretta Township have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Margaretta Township was $191,500 in March 2024, up 3.8% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | - | N/A |
| 2 Bedrooms | $146.9K | $220K | +49.8% |
| 3 Bedrooms | $200K | $185K | -7.5% |
| 4 Bedrooms | $225K | $211.7K | -5.9% |
| 5+ Bedrooms | $251K | $900K | +258.6% |
Summary: Margaretta Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 49.8%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 258.6%.
Median Sold Price Compared To Nearby Cities
| Sandusky | $127.4K | $151.8K | +19.2% |
| Margaretta Township | $184.5K | $191.5K | +3.8% |
| Castalia | $225K | $226K | 0.4% |
Housing Supply in Margaretta Township, OH
How many homes are available in Margaretta Township, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 19 | +46.2% |
Summary: The Margaretta Township real estate market had 19 homes for sale in March 2024, a 46.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Margaretta Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Margaretta Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Margaretta Township in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Margaretta Township, OH
How long does it take to sell a home in Margaretta Township, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 89 Days | 62 Days | -30.1% |
Summary: Homes in Margaretta Township had an average of 62 days on market in Mar 2024, down by 30.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Margaretta Township has remained consistent over time.
Summary: During March 2024, 4 homes were sold in Margaretta Township; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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